Obama sayeth, “[We] have a bill to fix that by lifting the minimum wage to $10.10… This will help families. It will give businesses customers with more money to spend… So join the rest of the country. Say yes. Give America a raise.”

It’s not hard to believe that Obama, who has never run a business, doesn’t understand that artificially forcing a business to pay someone more than their wage is worth will put more people out of the labor market. Making job creation more expensive leads to fewer jobs.

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I’m sorry that I believe that the “minimum wage” is essentially a tax on the poor and “middle class”. As, if there was a difference.

Price Inflation Will Force the US Mint to Once Again Change the Metal Content of CoinsBy Robert WenzelEconomic Policy Journal

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The Mint is considering a change to the mix of metals it uses to make quarters, dimes and nickels, because of the climbing cost of production of the coins. reports WSJ.

It now costs 1.8 cents to make a penny and 9.4 cents to make a nickel, costing the federal government about $104.5 million last year.

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I fully expect that in the next bout of accelerating price inflation that the value of the metal content of current nickels will soar. Thus, nickels are a great no downside investment. If the price inflation I anticipate doesn’t develop, just spend the nickels. For more on nickels as an investment see: Why You Need to Own Nickels, Right Now